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Milk Prices Could Return to $18 in 2015

Here’s why dairy economist Sara Dorland believes dairy prices could rebound after June. Pushed lower by the world's surging milk supply, Class III prices are likely to continue falling until June, when they will begin rebounding to reach the $18 level by October. A re-balancing of supply and demand will spur the return of higher milk prices in the second half of 2015,..Read more

China dairy imports reach record levels in 2014

China - There was strong growth in liquid milk, cheese and butter while imports of whey powders fell slightly, according to Bord Bia. Demand for imported dairy is expected to increase in 2015, with Chinese farmers struggling to compete with foreign prices. China’s dairy demand is growing in line with urbanization trends..Read more

Chinese expansion opposed

Australia - A SMALL south west Gippsland community is set to take on a Chinese diary giant over expansion plans. In what is a David-and-Goliath-type battle, Chinese dairy giant Ningbo plans to expand its Yo You Dairy operation but has been met with a show of community strength by Gippsland town, Kernot..Read more

No record milk prices in 2015

USA -FREEPORT, Ill. — Dairymen should prepare for lower milk prices this year compared to prices they received in 2014.“We saw a record high milk price in 2014 at $26.30 per hundredweight,” reported John Newton, agricultural economist at the University of Illinois. “But this year is not looking so great..Read more

China Increases Monitoring of Raw Milk

China - China is to step up monitoring of the raw milk industry to ensure safety and quality of the country's dairy products. Dairies and vehicles transporting raw milk are subject to monitoring by local authorities but now random inspection will be strictly carried out to ensure no illegal substances are added according to the Ministry of Agriculture..Read more